How Has the SOC as a Service Market Size Evolved in Recent Years?
The soc as a service market has seen considerable growth due to a variety of factors.
• The size of the SOC as a service market has experienced robust expansion in the past few years. Its growth is projected to continue, rising from $4.33 billion in 2024 to $4.68 billion in 2025, amounting to a compound annual growth rate (CAGR) of 8.2%.
The surge witnessed in the historical period can be associated with a rise in cybersecurity menaces, lack of internal security know-how, necessary compliance and regulatory duties, the spread of advanced persistent threats (APTS), and an increased number of security alerts.
What are the Market Size and Expected Growth Rates for the SOC as a Service Market?
The soc as a service market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the SOC as a service market is projected to experience accelerated growth. The market is estimated to expand to a value of $7.89 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 14.0%.
This growth forecast for the period can be linked to factors like the increasing complexity of cyber-attacks, the use of artificial intelligence in SOC services, the growth of cloud-based security solutions, higher acceptance by small and medium enterprises (SMs), and a focus on threat intelligence and information sharing. Key trends predicted for this period consist of the implementation of automation and orchestration in SOC operations, ongoing monitoring and incident response, zero trust security models, managed detection, response (MDR) services, and an emphasis on user and entity behavior analytics (UEBA) in the SOC.
What Are The Essential Drivers Behind The Growth Of The SOC as a Service Market?
The surge in advanced cyber-attacks and security infringements is anticipated to boost the expansion of the SOC-as-a-service market in the future. Cyber-attacks involve attempts to obtain unauthorized entry to a computer or a system. The SOC-as-a-service aids in thwarting these attacks by enabling faster detection and resolution, utilizing technology and data science for quicker identification and the delivery of high-confidence alerts. For example, Checkpoint, an Israel-based software and hardware IT security provider, disclosed in January 2023 that global cyberattacks experienced a 38% uptick in 2022, relative to 2021. Hence, the radical escalation in the complexity of cyber-attacks and security violations is catalyzing the growth of the SOC-as-a-service market.
How Is The Global SOC as a Service Market Divided Into Key Segments?
The soc as a service market covered in this report is segmented –
1) By Service Type: Vulnerability Assessment And Threat Detection, Incident Response
2) By Component: Professional Services, Solution
3) By Offering Type: Fully Managed, Co-Managed
4) By Application: Endpoint Security, Network Security, Cloud Security, Other Applications
5) By Verticals: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITeS), Manufacturing, Telecommunications, Government And Public Sector, Healthcare And Life Sciences, Transportation And Logistics, Energy And Utilities, Other Verticals
Subsegments:
1) By Vulnerability Assessment And Threat Detection: Network Vulnerability Scanning, Web Application Vulnerability Assessment, Threat Intelligence Analysis, Continuous Monitoring Services
2) By Incident Response: Incident Detection And Analysis, Containment And Eradication Services, Recovery And Remediation Support, Post-Incident Review And Reporting
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What Trends Are Reshaping The Future Of The Scope Market?
Developments in product technologies are a significant trend observed in the SOC as a service market. Leading market participants are focusing on designing novel technologies to advance cybersecurity and handle threats. For example, Proficio, an Indian cybersecurity service company, unveiled a detection and response service in April 2022, to combat identity-based threats. This service uses a blend of advanced technology and human-led investigations to identify risks to an organization's identity and access management (IAM) infrastructure. This solution aims to enhance visibility, hasten responses, and reduce ransomware.
Who Are the Key Players in the SOC as a Service Market?
Major companies operating in the soc as a service market include:
• AT&T Inc.
• International Business Machines Corporation.
• Nippon Telegraph and Telephone Corporation.
• Verizon Communications Inc.
• ConnectWise LLC
• Alert Logic Inc.
• Arctic Wolf Networks Inc.
• CrowdStrike Holdings Inc.
• Cybereason Inc.
• Darktrace Limited
• Exabeam Inc.
• Fortinet Inc.
• F-Secure Corporation
• McAfee Corp.
• Palo Alto Networks Inc.
• Rapid7 Inc.
• RSA Security LLC.
• Dell Technologies Company
• SentinelOne Inc.
• Sumo Logic Inc.
• Trustwave Holdings Inc.
• Varonis Systems Inc.
• Zscaler Inc.
• Cynet Ltd.
• Netsurion LLC
• Proficio Inc.
• Expel Inc.
• CYDERES Inc.
• Securonix Inc.
• Vectra AI Inc.
What are the Regional Insights into the SOC as a Service Market?
North America was the largest region in the SOC as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soc as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
